Karnalyte Updates Potash Report, Cites Positive Market Conditions

Junior potash and nitrogen producer Karnalyte Resources Inc., Saskatoon, said last month it has selected global consulting and engineering company Wood Canada Ltd. as primary independent lead author of the company’s planned update to its National Instrument 43-101 Technical Report for its Wynyard Potash Project in Saskatchewan. The company said in light of positive potash market condition developments and in support of continuing efforts to seek and attract investment and strategic partners to the project, it is updating its 2016 report in accordance with Canadian Securities Administrators’ National Instrument 43-101. 

Karnalyte has also engaged the services of senior advisor ProMine Project Management Ltd., and lead Brad Straub, to assist in its oversight and evaluation of the update. It noted that Straub has over 25 years of project management experience, with stints at BHP Billiton Potash Canada, Nutrien Ltd., and The Mosaic Co. 

Wynyard has a planned phase 1 production of 625,000 mt/y of granular potash, and two subsequent phases of 750,000 mt/y each, taking total production up to 2.125 million mt/y. Karnalyte is also exploring the development of a small-scale nitrogen project that would produce 700 mt/d of ammonia and 1,200 mt/d of urea, which would target independent fertilizer wholesalers in Central Saskatchewan.